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Browsing Category
Business
Jobs report June 2024:
Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida. Joe Raedle | Getty ImagesThe U.S. economy again added slightly more jobs than expected in June though the…
AI drives up earnings, shares pop
The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesShares of Samsung Electronics…
Jobs report Friday may provide answers on state of the labor market
Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida. Joe Raedle | Getty ImagesWith signs building that the labor market is at least slowing if not something…
Constellation delivers on beer, but wine weakness prompts downgrade
Constellation Brands reported an earnings beat on Wednesday that was driven by strength in its beer business. However, shares fell 4% after an initial move up, as investors — including us — remain troubled by continued weakness in the wines…
Private payrolls grew by just 150,000 in June, less than expected
Private payroll growth edged lower in June, according to a report Wednesday from ADP that indicates a potential slowdown in the U.S. labor market.Companies added 150,000 jobs for the month, below the upwardly revised 157,000 in May and the…
Watch Fed Chair Powell, ECB’s Lagarde speak live at central bank policy forum
Federal Reserve Chairman Jerome Powell joins a panel including his global counterparts Tuesday at a European Central Bank forum Tuesday.Powell will join ECB President Christine Lagarde and Brazil Central Bank Governor Roberto Campos Neto at…
Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more…
U.S. Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin building on June 12, 2024 in Washington, DC. Kevin Dietsch | Getty…
Euro zone inflation, June 2024
A general view of the inside of the stadium as fans of Portugal celebrate after Portugal defeat Slovenia in the penalty shootout during the UEFA EURO 2024 round of 16 match between Portugal and Slovenia at Frankfurt Arena on July 01, 2024…
New index using AI tools to measure U.S. economic growth in broader way
David A. Steinberg, CEO of Zeta Global Holdings, at the New York Stock Exchange.Source: NYSEMeasuring the strength of the sprawling U.S. economy is no easy task, so one firm is sending artificial intelligence in to do the job.The Zeta…
FATF removes Turkey from money laundering ‘gray list’
As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background. Vw Pics | Universal Images Group | Getty ImagesThe Financial Action Task Force, an…
Western clothing craze means sales of Levi’s denim skirts have doubled
A Levi's store at the Orlando Vineland Premium Outlets in Florida.Jeff Greenberg | Universal Images Group | Getty ImagesIn a lyric on her latest album, Beyoncé sings "denim on denim, on denim, on denim."Levi Strauss shoppers are taking that…
Key Fed measure shows inflation rose 2.6% in May from a year ago
A customer shops at a Safeway store on June 11, 2024 in San Francisco, California.Justin Sullivan | Getty ImagesAn important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate…
Nike (NKE) earnings Q4 2024
Nike shoes and logo are seen at a store in Nice, France on May 28, 2024.Jakub Porzycki | Nurphoto | Getty ImagesNike on Thursday reported its slowest annual sales growth in 14 years, excluding the Covid-19 pandemic, as the sneaker giant…
Big Fed inflation reading coming Friday. Here’s what to expect
People purchase beverages in a store on a sweltering afternoon in Brooklyn, New York, on the first day of summer on June 21, 2024.Spencer Platt | Getty ImagesThere could be some pretty good inflation news on the way from the Commerce…
Walgreens (WBA) earnings Q3 2024
In an aerial view, a customer enters a Walgreens store on January 04, 2024 in San Pablo, California. Justin Sullivan | Getty ImagesWalgreens on Thursday reported fiscal third-quarter earnings that fell short of expectations and slashed its…
H&M plunges 13% on doubts over full-year margin target, June sales outlook
Pedestrians cross the street in front of a H&M store in Hong Kong.Sopa Images | Lightrocket | Getty ImagesShares of H&M plunged more than 14% on Thursday morning after the company reported a smaller-than-expected increase in…
Levi (LEVI) earnings Q2 2024
Denim is having a moment with consumers, but it hasn't led to a major sales boost at Levi Strauss. The jeans creator on Wednesday posted fiscal second-quarter revenue that fell just short of Wall Street's expectations at a time when…
Micron shares slide after revenue forecast fails to top estimates
Sanjay Mehrotra, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022.Adam Galica | CNBCMicron shares fell about 3% in extended trading on Wednesday as investors looked past better-than-expected results…
Southwest Airlines cuts revenue forecast
A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii.Kevin Carter | Getty ImagesSouthwest Airlines shares fell roughly 4% in premarket trading…
Trade feuds aside, Chinese firms are committed to U.S. market: Survey
GP: American flag and Chinese flagMatt Anderson Photography | Moment | Getty ImagesA recent survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long term despite growing concerns about U.S.-China…
FedEx (FDX) earnings Q4 2024
A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California.Justin Sullivan | Getty ImagesFedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts'…
Fed Governor Bowman says she’s still open to raising rates if inflation doesn’t improve
Michelle Bowman, governor of the US Federal Reserve, speaks during the Exchequer Club meeting in Washington, DC, US, on Wednesday, Feb. 21, 2024. Kent Nishimura | Bloomberg | Getty ImagesFederal Reserve Governor Michelle Bowman said Tuesday…
Consumer spending, inflation, and housing are 3 things to watch in the market
Wall Street advanced during this holiday-shortened trading week, with the S & P 500 and Nasdaq both reaching new all-time highs in the first half of the week before pulling back some. The S & P 500 and Nasdaq were able to finish the…
Investing Club’s Q1 2024 Earnings Report Card
It was another solid quarter for our stocks. Most of the earnings reports — 25 out of 32 portfolio names — were ranked as good or great by the Investing Club. There were plenty of drivers of that success, but the strong consumer was one key…
IMF chief says Europe looks like ‘an ideas supermarket’ for the U.S.
Kristalina Georgieva, chief executive officer of the World Bank Group, arrives to a briefing at the annual meetings of the International Monetary Fund (IMF) and World Bank in Washington, DC, US, on Friday, April 19, 2024.Bloomberg |…
Fast food diners switch to casual chains, Darden CEO says
Customers arrive at an Olive Garden location in San Antonio, Texas.Callaghan O'Hare | Bloomberg | Getty ImagesCasual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick…
Bank of England interest rate decision June 2024
General view of the Bank Of England building in London. Sopa Images | Lightrocket | Getty ImagesLONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described the decision as "finely…
Darden Restaurants (DRI) Q4 2024 earnings
Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Incorporated headquartered in Florida. Universal Images Group | Getty ImagesDarden Restaurants on Thursday reported mixed…
Switzerland trims key interest rate to 1.25% in second cut of the year
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | ReutersThe Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to…
A ‘radically inclusive’ outdoor space for LGBTQ+ and people of color
Participants during the snowboarding activity with the Hoods to Woods Foundation at Big Snow American Dream in East Rutherford, New Jersey on June 13, 2024.Danielle DeVries | CNBCEAST RUTHERFORD, N.J. — For 16-year-old Zyshawn Gibson,…